Goldman Sachs
-
The US’s Thermo Fisher Scientific had a barnstorming outing in the euro bond market on Tuesday, raising hopes that fears of an oversaturated market were overblown. -
French agency SNCF Réseau steamed on to screens on Tuesday with initial pricing thoughts for a tap of its December 2047 green bond.
-
Banco BPM spied a chance on Tuesday to issue a tier two bond to beef up its capital buffers. The Italian lender launched a 10 year non-call five deal at a 4.25% coupon — 37.5bp tighter than the initial price thoughts.
-
Chinese sportswear retailer Topsports International Holdings has opened books for its up to HK$9.4bn ($1.2bn) Hong Kong listing.
-
Chinese e-commerce platform Pinduoduo has opened books for a convertible bond backed by its American Depository Shares, in what has become an increasingly popular corner of the equity-linked market.
-
Sparebank 1 Østlandet priced €500m of debt in senior preferred format at a spread of 67bp over mid-swaps this week — 8bp tighter than the initial price talk. The issuer is not a frequent visitor to the primary market, so it had to pay a higher premium than other borrowers, according to a banker away from the deal.
-
The European Bank for Reconstruction and Development won strong demand from investors as it brought a new type of green bond to the market last Friday. The deal aims to put more focus on the need to adapt to climate change, complementing the work being carried out to mitigate its effects.
-
The US corporate bond market shrugged off two market interventions by the Federal Reserve this week — an emergency funding injection and an arguably underwhelming rate cut — as supply picked up on Thursday with trades from Wal-Mart and Volkswagen.
-
-
Thermo Fisher Scientific, the US genetic testing and laboratory equipment company, has mandated banks for a multi-tranche Reverse Yankee bond in euros. It wants to print fresh debt along its curve out to 30 years.
-
The European Bank for Reconstruction and Development (EBRD) has mandated banks for its first ever climate resilience bond, a new type of socially responsible product that aims to bring more focus on climate adaptation, rather than mitigation. It follows the recent publication of the Climate Resilience Principles by the Climate Bonds Initiative (CBI).
-
Besides the rare offering of a Chinese issuer on Wednesday, when Jin Jiang International issued a €500m bond, euro corporate bond investors had to make do with two other deals, from Telenor and Mondelez.
